Cryptocurrency analysis firm Santiment says two of the top altcoins by market capitalization currently have opposing near-term prospects.
First is Chainlink (LINK), altcoins that allow smart contracts to access real-world data.
Santiment says Chainlink whales have steadily increased their LINK holdings, accumulating 17,1 million LINK worth more 228,28 million dollars in less than two weeks.
“Chainlink key whale addresses with between 10.000 and 10 million LINK have accumulated 17,1 million since Feb. 27.”
🐳🔗 Link #Chainl's key whale addresses that hold between 10k to 10m $ LINK have been accumulated 17.1m since February 27th. This rise in their collective holdings is encouraging, consider these address holdings correlate with rises & falls against $ BTC. https://t.co/WOlLxVDoJJ pic.twitter.com/Co6IvV2z1R
- Santiment (@santimentfeed) March 10, 2022
Chainlink is trading at $ 13.29 At the time of writing, increase 0,68% in the last 24 hours.
Next, Santiment analyzed Phantom (FTM) – a competitor of Ethereum.
Santiment says that the trajectory of the FTM has "dramatically changed overnight.”
According to Santiment, the main reason is the famous developer Andrew Cronje left Fantom, where he was a technical advisor.
The analytics firm also mentions other projects that Cronje has been involved with such as Yearn Finance (YFI) and Keep3r Network (KP3R).
“With Andre Cronje leaving Fantom, the trajectory of FTM of course changed dramatically overnight. In addition, YFI, KP3R and about 25 projects are no longer supported. "
Cronje's departure from Fantom and the crypto space was announced earlier this week sending FTM into a recession.
Over the past seven days, FTM has dropped 35%. Fantom, is trading at $ 1.22 at the time of writing, has dropped 65% compared to the all-time high reached in October 10.